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The Wallet That Wants to Become a Bank On September 8, 2026, Block, Inc. filed an application with the Office of the Comptroller of the Currency for a national trust bank charter under the name Builders Bank & Trust, N.A. The filing positions Block to custody Bitcoin and stablecoins under federal preemption, bypassing the state-by-state […]

Block filed with the OCC to form Builders Bank & Trust, N.A., a national trust charter aimed at cutting sponsor-bank fees and unifying compliance for Cash App and Square.

Payment and cryptocurrency firm Block (NYSE: $XYZ) has filed for a U.S. bank charter that would make it a federally...

Investing.com -- Block Inc (NYSE:XYZ) has filed an application with the Office of the Comptroller of the Currency to charter Builders Bank & Trust, N.A., a specialized national trust bank focused on providing digital asset custody and fiduciary services. If approved, the uninsured, non-deposit-taking entity would establish a unified federal supervisory framework for the fintech giant’s growing bitcoin and stablecoin operations. The move reflects Block’s strategic push to streamline its digital a

The financial technology company is seeking to establish a federally regulated, uninsured national trust bank called Builders Bank & Trust.

A federal judge blocked Minnesota's prediction market ban, ruling it preempted by federal law, hours after Kalshi lost a separate motion in NY.

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